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Banking Sample Paper IBPS PO (PT) Sample Test Paper-1

  • question_answer
    The simple interest accrued on a certain sum is Rs. 8388 in six years at the rate of 12% per annum. What would be the accrued compound interest on the sum at the rate of 10% per annum in 2 years?

    A)  Rs. 2240.6                 

    B)  Rs. 2886.6

    C)  Rs. 2446.5                 

    D)  Rs. 2552.5

    E)  Other than the given options

    Correct Answer: C

    Solution :

      \[\text{Principal=}\frac{8388\times 100}{12\times 6}=11650\] \[\therefore Cl=11650\times \frac{110}{100}\times \frac{110}{100}-11650\] \[\text{=14096}\text{.5-11650=Rs}\text{.2446}\text{.5}\] Quicker Method: \[\text{12}\times \text{6=72 }\!\!%\!\!\text{ =Rs}\text{. 8388}\] \[\therefore \text{21 }\!\!%\!\!\text{ =}\frac{\text{8588}}{\text{72}}\text{ }\!\!\times\!\!\text{ 21=Rs}\text{.}\,\,\text{2446}\text{.5}\]


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